watch nowThe Covid-19 pandemic, rather than Joe Biden's economic policies and stimulus packages, is the "real cause" of high inflation, according to a member of the U.S. President's Council of Economic Advisers.
"Had we done that, and the United States' inflation spiked higher than anyone else, well, maybe you could make the case that it was about that policy," Boushey added.
"But the reality is, is that that isn't what happened — yes, the United States had inflation, but so did other countries that did not have the same policies."
"So the inflation, the real cause was the global pandemic, and that is about the resiliency of our global supply chains."
Expanding on her point, Boushey said this was why the U.S. was "making the investments that we need to make."
Persons:
Joe Biden's, Heather Boushey, Charlotte Reed, Boushey
Organizations:
President's, Economic Advisers, American, Congress
Locations:
Aix, Provence, France, Jan, United States